Skip to main content

Trade-Ideas LLC identified

Banc of California



) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Banc of California as such a stock due to the following factors:

  • BANC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $8.8 million.
  • BANC has traded 69,336 shares today.
  • BANC is trading at 2.03 times the normal volume for the stock at this time of day.
  • BANC is trading at a new high 3.07% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in BANC with the Ticky from Trade-Ideas. See the FREE profile for BANC NOW at Trade-Ideas

More details on BANC:

Scroll to Continue

TheStreet Recommends

Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. It operates through Commercial Banking, Mortgage Banking, Financial Advisory, and Corporate/Other segments. The stock currently has a dividend yield of 2.4%. BANC has a PE ratio of 13. Currently there are 4 analysts that rate Banc of California a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for Banc of California has been 635,600 shares per day over the past 30 days. Banc of California has a market cap of $866.5 million and is part of the financial sector and banking industry. The stock has a beta of 0.42 and a short float of 5.8% with 6.51 days to cover. Shares are up 42.5% year-to-date as of the close of trading on Friday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.


TheStreet Quant Ratings

rates Banc of California as a


. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 0.7%. Since the same quarter one year prior, revenues rose by 31.8%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • BANC OF CALIFORNIA INC has improved earnings per share by 34.4% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, BANC OF CALIFORNIA INC increased its bottom line by earning $1.29 versus $0.82 in the prior year. This year, the market expects an improvement in earnings ($1.63 versus $1.29).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Commercial Banks industry. The net income increased by 66.6% when compared to the same quarter one year prior, rising from $15.92 million to $26.53 million.
  • The gross profit margin for BANC OF CALIFORNIA INC is currently very high, coming in at 90.41%. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 16.55% trails the industry average.
  • Powered by its strong earnings growth of 34.37% and other important driving factors, this stock has surged by 42.88% over the past year, outperforming the rise in the S&P 500 Index during the same period. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.